Filing Flows › Natural Gas Services Group (NGS) › Q3 2025
Natural Gas Services Group (NGS) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
Natural Gas Services Group (NGS) reported revenue of $43.4M for the third quarter 2025 (Q3 2025), +7% from a year earlier and +5% from the quarter before. Operating margin was 24.8%, net earnings $5.8M (13.3% of revenue).
Natural Gas Services Group, Q3 2025: revenue $43.4M (+7% year over year), operating margin 24.8%, net earnings $5.8M, operating cash flow $16.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $43.4M | +5% | +7% |
| Operating profit | $10.8M | +8% | +14% |
| Net earnings | $5.8M | +11% | +15% |
| Operating cash flow | $16.8M | +53% | -35% |
What changed
Revenue was $43.4M in Q3 2025, up 7% year over year and up 5% from the previous quarter.
Operating profit was $10.8M, a 24.8% margin (up 1.5 points year over year). Of the extra revenue versus a year earlier, 48% reached operating profit, above the 23% margin then. Total costs grew 5% against revenue growth of 7%. The fastest-growing cost line was Other operating costs (+15%). Net earnings were $5.8M, up 15% year over year. The effective tax rate was 23.5%.
Operating cash flow was $16.8M (down 35% year over year), 290% of net earnings. Non-cash charges added back $9.2M of depreciation and amortization and $612K of share-based compensation. Working capital and other items added $1.2M. Capital expenditures of $41.9M exceeded it, leaving free cash flow of −$25.1M.
Questions
What was Natural Gas Services Group's revenue in the third quarter 2025?
Natural Gas Services Group (NGS) reported revenue of $43.4M for the third quarter 2025 (Q3 2025), +7% from a year earlier and +5% from the quarter before.
Was Natural Gas Services Group profitable in the third quarter 2025?
Operating profit was $10.8M (24.8% of revenue) and net earnings $5.8M.